Tata Steel wins Asia's Best Integrated Report Award
Tata Steel has been conferred 'Asia's Best Integrated Report' award by the Asia Sustainability Reporting Awards 2017 (ASRA), the highest regional recognition for integrated reporting, at an event held in Singapore on February 6, 2018. Tata Steel's Integrated Report was the only Indian winning entry among all the 16 Awards categories and has competed with company reports from the entire ASEAN, as well as, Middle Eastern countries. The award was received by Mr. Ashish Anupam, President and Chief Executive Officer, NatSteel Holdings on behalf of Tata Steel.
Mr. TV Narendran, CEO & MD, Tata Steel said, “We are proud to be given the award for 'Asia's Best Integrated Report. Our ethos reflects the principles of sustainability and it is demonstrated in the way we have worked for over a hundred years. The Integrated Report helps us present this to our stakeholders.”
“Tata Steel has been at the forefront of sustainable development and the adoption of progressive practices reflected in its business segments, products, processes and reporting initiatives. We are extremely delighted that our efforts have resulted in this recognition which assures us that we are on the right track in our journey of sustainability and encourages us to do better,” said Mr Koushik Chatterjee, ED & CFO, Tata Steel.
The Asia Sustainability Reporting Awards celebrates best practices in sustainability communication and recognizes reporting leaders in Asia. It is an annual event, which provides an opportunity for various organisations to build trust and awareness amongst their stakeholders by showcasing their sustainability initiatives.
The 2017 Awards have been offered in 16 categories including Asia’s Best Sustainability Report, Asia’s Best Integrated Report, Asia’s Best Sustainability Report (SME) and Asia’s Best Carbon Disclosure.
About Tata Steel
Tata Steel Group is one of the world’s largest steel companies with a steel production capacity of approximately 27.5 million tonnes per annum (MnTPA) as on March 31, 2017. It is a geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a revenue of INR 117,420 crore in FY17. Tata Steel Group has an employee base of nearly 70,000 employees as of March 31, 2017. Tata Steel has successfully challenged the Deming Grand Prize in 2012, received the Prime Minister’s Trophy for the ‘Best Performing Integrated Steel Plant’, ‘Greenco Platinum Rating’ by CII Green Building Council for environmental performance at Jamshedpur steelworks, ‘Best Place To Work’ in the core sector (steel, oil, power and minerals) by Business Today (2017), ‘World’s Most Ethical Company’ award from the Ethisphere, USA (2017), among several others.
Tata Steel Limited is proposing, subject to market conditions and other considerations, a rights issue of its ordinary shares and has filed a Letter of Offer with SEBI and the Stock Exchanges. The Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers to the Issue at http://www.investmentbank.kotak.com, http://www.axiscapital.co.in, http://www.hdfcbank.com, http://www.icicisecurities.com and http://www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to the section titled “Risk Factors” on page 11 of the Letter of Offer for details of the same. The securities offered via the Letter of Offer are not being offered to investors outside of India and recipients of the Letter of Offer should refer to the offering restrictions noted therein.
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.